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How to Do a Bank Reconciliation – A Step-by-Step Guide

The Bank Reconciliation process is one of the most important financial controls a company can put in place!

So here is a step-by-step guide to performing a bank reconciliation.

Preservation of Accounting Books and Records – Compliance for Companies in the Philippines

How long should a company retain its accounting books and records? Where should the records be kept? Should they be in hard copy or can they be stored online?

Read on to find out!

Budgets and Forecasts – Why They are Essential for Business Growth

Thinking about scaling your business? Don’t know where to start? Before anything else, you should consider the importance of budgets and forecasts. They are essential to achieving sustainable business growth.

Here’s why!

Balance Your Books! 6 Expert Accounting Tips for Businesses in the Philippines

In this article, we outline the various steps that businesses in the Philippines can take to ensure that their accounting books always balance.

How to Avoid These 9 Common Bookkeeping Mistakes Made by Businesses in the Philippines

Here are 9 common mistakes that businesses encounter when dealing with their accounting, bookkeeping and finance functions. We also identify what companies can do to make sure that these mistakes don’t happen!

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The Service Charge Law has Now been Signed – Here’s What You Need to Know

Republic Act No. 11360 or the Service Charge Law was signed by President Duterte.
Here’s an FAQ that explains the main provisions of the Act and identifies the key implications this new law will have for employers in the hospitality industry across the Philippines.

Accrual Accounting v Cash Accounting – What’s the Difference and Why Does It Matter?

You may have heard about the two most common systems of accounting for companies – accrual accounting and cash accounting. But do you know how each system works? What the differences are? The advantages and disadvantages of each one? Read on to find out!

Inventory & Bookkeeping for Retail Businesses in the Philippines

Operating a retail business in the Philippines? Your inventories are one of your most valuable assets. It is crucial to ensure that your bookkeeping practices align with your inventory processes. In this article, we explain why!